Multiple banks. Different interest rates. Call it a "conflict of interest".
  • Janakalyan Sahakari Bank Personal Loan

    Janakalyan Sahakari Bank Personal Loan

    Established in 1970, the Dombivli Nagari Sahakari Bank Ltd received a scheduled status in 1996 and has been growth trajectory ever since with deposits of around Rs.3688 crores and advances of around Rs. 2726 crores across 12 districts in the state of Maharashtra. The Dombivli Nagari Sahakari Bank (DNS) crossed Rs.6000 crores business mix in 2015. DNS Bank aims to provide integrated services through high-end technology and highest accounting standards.

    Purpose of DNS Bank Personal Loans

    DNS Bank extends four types of personal loans as listed below:

    • Utsav Loan Scheme: The purpose of Utsav Loan Scheme is to extend finance for the purchase of refrigerators, televisions and two-wheelers besides any other durable items
    • Suvidha Loan Scheme: The purpose of Suvidha Loan Scheme is to provide finance for repayment of debts, tourism, medical expenses and any other purpose which receives approval from DNS Bank
    • Mortgage Loan Scheme: The purpose of mortgage loan scheme is to extend finance for the purchase of any durable articles, education, business and medical expenses among others
    • Advances against Shares: The purpose of advances against shares is to provide finance to meet any kind of personal requirements and contingencies

    Eligibility criteria for availing DNS Bank Personal Loan

    DNS Bank offers personal loans to the following:

    • Utsav Loan Scheme: Salaried individuals and self-professionals
    • Suvidha Loan Scheme: Eligible individuals
    • Mortgage Loan Scheme: Eligible individuals
    • Advances against shares: Individuals (single or joint name), companies’ demat shares

    Features and benefits of DNS Bank Personal Loan

    The features and benefits of DNS Bank personal loans are listed in the table below:

    Name of the loan scheme

    Maximum Loan Amount

    Repayment Period




    Utsav Loan Scheme

    Rs.1 lakh

    36 months

    Nil- up to Rs.5000

    10% - above Rs.5000


    Hypothecation of article/item bought by customer


    Loan Scheme

    Rs.5 lakhs

    60 months



    Borrowers should take group insurance equal to the loan amount


    Loan Scheme

    Depends on a case-to case basis

    84 months

    50% of value of commercial property;

    40% of value of residential flat


    Property should be


    Advances against shares

    Rs.5 lakhs

    12 months

    50 % of market value (average of high + low of 52 weeks)

    Not required


    • DNS Bank gives loans for a wide variety of purposes from consumer durable items and medical expenses to education needs and repayment of old debts. The four different types of loan schemes, therefore, cover any possible financial requirement which may arise in the life of an individual.
    • The repayment period ranges from a minimum of 12 months to a maximum of 60 months based on the type of loan taken by a customer.
    • Customers who have specific business needs can avail of mortgage loan scheme and advances against shares which provided the required finance

    Documents required for DNS Bank Personal Loans

    • Hypothecation documents
    • Residence proof (photocopy of ration card, telephone bill, electricity bill)
    • IT Returns of last two years
    • Bank statements
    • Passport photographs
    • Any other document as requested by DNS Bank

    Janakalyan Sahakari Bank Personal Loan Reviews

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